Which of the Following Is True of the U

question 94

Multiple Choice

Which of the following is true of the U.N.Convention on Contracts for the International Sale of Goods CISG) ?

• A)Parties are limited to a particular forum to resolve disputes.
• B)Written contracts are required per Statute of Frauds.
• C)Acceptance may include different terms other than offer.
• D)Quantity and price are essential terms.
• E)Offer is generally revocable unless it contains language to the contrary.

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Definitions:

Supply Decreases

A reduction in the quantity of a good or service that producers are willing and able to sell at a given price.

Late Frost

An unexpectedly cold period occurring late in the spring that can damage or kill crops and plants.

Peach Crop

The total yield or production of peaches within a particular region or farming operation over a specific period, often an important economic factor for agricultural communities.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good supplied at those prices.